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NEWS

EnfraGen Energía Sur, S.A.U., Prime Energía SpA, and EnfraGen Spain, S.A.U. Issue $1.76 Billion Debt Package

December 23, 2020

New York – Paul Hastings LLP, a leading global law firm, represented EnfraGen Energía Sur, S.A.U., Prime Energía SpA, and EnfraGen Spain, S.A.U., in their issuance of US$710 million 5.375% senior secured notes due 2030 on December 17, 2020 pursuant to Rule 144A/Regulation S, combined with a pari passu US$1.05 billion bank debt. The issuers/borrowers are indirect subsidiaries of EnfraGen, LLC, a developer, owner, and operator of grid stability and renewable businesses in Latin America.

The primary use of proceeds from the Loans and the Notes, will be to provide the capital needed to refinance the Issuers’ existing debt portfolio and to fully fund near-term growth projects as part of EnfraGen’s broader strategy to more efficiently manage liabilities, fund multiple growth initiatives, and optimize its capital structure as Latin America transitions to renewable power.

The Paul Hastings team was led by Partners Bob Kartheiser, Cathleen McLaughlin, Elicia Ling, and Joyce Xu, and also included of counsel Diona Park; and associates Alex Herman, Inho Ko, Louise Farias, Bruna Rey, Thomas Sines, Matthew Smith, Anna Barbosa, and Bianca Lazar.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

Practice Areas

Corporate

Latin America


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